CLSA: Westpac to raise more capital?

22 September 2015

 

CLSA analyst Brian Johnson has suggested Westpac could be in the market for up to $5bn of equity when it announces its annual result in November. “Notwithstanding substantial capital raisings/business divestments by the Australian banks, we believe real CET1 (common equity tier one, the highest form of capital) ratios still look light with global bank capital intensity continuing to rise,” Mr Johnson said. Westpac is believed to be sitting at...

read full story